PPP Loan Data — Bazaar Bargain Center, Inc, Monroe, NY
Bazaar Bargain Center, Inc is a corporation located at 53 Forest Road in Monroe, New York that received a Coronavirus-related PPP loan from the SBA of $24,862.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Bazaar Bargain Center, Inc in Monroe, NY received a Paycheck Protection Loan of $24,862 through Kabbage, Inc., which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Bazaar Bargain Center, Inc's 2019 payroll expenses are estimated to be at least $119,338.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,779 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bazaar Bargain Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,862
Business Information - Bazaar Bargain Center, Inc in Monroe, NY
53 Forest Road
Monroe, NY 10950
Hobby, Toy, and Game Stores
NAICS code 451120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 5 businesses in the "Hobby, Toy, and Game Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $21,555 (compared to this company's $24,862).
Similar Nearby Businesses Who Received PPP Funding:
NR Trading Corp
Farbreng Toys Inc
Industry PPP Comparison Statistics
Nationwide, 5,716 businesses in the "Hobby, Toy, and Game Stores" industry received a total of $179.81M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 100% higher than Bazaar Bargain Center, Inc's reported 3 employees, and received an average PPP loan of $31,457, 27% higher than this company's loan of $24,862.
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Footnotes & Information
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